SAN FRANCISCO, December 5, 2018
SAN FRANCISCO, December 5, 2018 /PRNewswire/ --
The global Confectionery Market is projected to witness a higher CAGR in the forthcoming period. Properties of confectionery products are diverse and have different textural properties. Every texture is designed to meet requirements in the market and novel textural properties are often remarkable for success of the products having a competitive edge in the confectionery market. A good sample preparation determines the value of these measurements; hence, as a means to recognize the instrumental texture analysis combined with sensory expertise form as invaluable tools for confectionery market. The confectionery market is highly driven by increase in number of retail outlets, increase in disposable income, rising population and production of innovative products. The confectionery market is segmented by type includes gums, snack products, raw pastes, and brand ice creams. Chocolate confectionery accounted for a significant market share, owing to rise in popularity of chocolates that would supplement the market growth in the near future.
Geographical segmentation for confectionery market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America and Latin America account for a significant share in the global market owing to the wider presence of chocolate manufacturers, availability of abundant population, rise in retail stores, and effective marketing campaigns. Asia-Pacific regions account for a greater share in the global market. Rise in urbanization, disposable income, and production of innovative products for all age groups is likely propel the market growth in the forecast period. The key players in the confectionery market include Nestle SA, Ferrero Group Meiji Co Ltd, Hershey Co Lotte Confectionery Co Ltd, Kraft Foods Co, Perfetti Van Meller, Lindt & Sprungli, Cupa Chups SA, Parle Products, Cadbury Plc, Mars Inc, Tiger Brands Limited Lotte Group Strauss Group, Arcor Group and United Food Industries. This industry research report presents a detailed analysis of the confectionery market by product such as Chocolate, Sugar confectionery, and gums. The report also presents a detailed analysis of the growth potential of the market in regions such as the Americas, APAC, and EMEA. Our market analysts estimate that the market will earn a revenue of close to USD 233 billion by 2022.
Access 124 page research report with TOC on "Confectionery Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/global-confectionery-market-2018-2022
The chocolate confectionery product segment will account for the major share of the confectionery market throughout the forecast period. The growing demand and consumption of chocolate confectionery will support the growth of the market in this industry segment.
Based on geographic regions, EMEA will be the major revenue contributor to the chocolate confectionery market till the end of the predicted period, due to the growing demand for confectionery products. Manufacturers in this region also witness high sales owing to the rising number of new product launches with innovative flavors and attractive packaging.
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